AlTi Global (NASDAQ:ALTI) Rating Lowered to “Sell” at Wall Street Zen

AlTi Global (NASDAQ:ALTI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other equities analysts also recently issued reports about the company. Zacks Research downgraded AlTi Global from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Weiss Ratings restated a “sell (d-)” rating on shares of AlTi Global in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, AlTi Global presently has a consensus rating of “Sell”.

AlTi Global Stock Performance

Shares of AlTi Global stock opened at $3.00 on Friday. AlTi Global has a 1-year low of $2.75 and a 1-year high of $5.45. The company’s fifty day simple moving average is $3.79 and its 200-day simple moving average is $3.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $467.82 million, a PE ratio of -2.16 and a beta of 0.72.

Hedge Funds Weigh In On AlTi Global

Hedge funds have recently modified their holdings of the company. Yorkville Advisors Global LP increased its stake in shares of AlTi Global by 19.1% in the first quarter. Yorkville Advisors Global LP now owns 773,000 shares of the basic materials company’s stock worth $2,798,000 after purchasing an additional 123,801 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of AlTi Global by 46.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 97,681 shares of the basic materials company’s stock valued at $354,000 after buying an additional 30,878 shares in the last quarter. Simon Quick Advisors LLC purchased a new position in shares of AlTi Global during the 1st quarter valued at $94,000. XTX Topco Ltd purchased a new position in shares of AlTi Global during the 4th quarter valued at $63,000. Finally, AQR Capital Management LLC boosted its holdings in AlTi Global by 8.2% in the 4th quarter. AQR Capital Management LLC now owns 37,424 shares of the basic materials company’s stock worth $174,000 after buying an additional 2,824 shares during the period. 3.57% of the stock is currently owned by institutional investors.

AlTi Global Company Profile

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services. It also provides trust and administration services, such as entity formation and management; creating or modifying trust instruments and administrative practices to meet beneficiary needs; corporate, trustee-executor, and fiduciary services; provision of directors and company secretarial services; administering entity ownership of intellectual property rights; advisory and administration services in connection with investments in marine and aviation assets; and administering entity ownership of fine art and collectibles.